Equine Healthcare Market: Effective Treatment of Illnesses in Horses
Polaris Market Research & Consulting, Inc.
Market Research | Industry Analysis
The increasing partnerships and alliances among major market contributors are leading to the development of new treatments, therapies, and diagnostic tools for equine health. Today, we bring you the latest insights into the rapidly growing equine healthcare market.
Market Overview
Equine healthcare is a branch of veterinary medicine that emphasizes diagnosing, treating, and preventing illnesses in horses. It involves using multiple products, including vaccines, dewormers, topical solutions, joint supplements, prebiotics, fly repellents, hoof conditioners, antiseptics, and performance enhancers.
Market Stats
The equine healthcare market was valued at USD 3.30 billion in 2023. It is anticipated to grow from USD 3.56 billion in 2024 to USD 6.65 billion by 2032, exhibiting a CAGR of 8.1% from 2024 to 2032.
Growth Drivers
The market expansion is primarily driven by:
● Rising horse population
● Emergence of artificial intelligence (AI) in horse health
Segmental Analysis
● The equine healthcare market is mainly segmented on the basis of indication, product, distribution channel, activity, and region.
● Based on a product analysis, in 2023, the pharmaceuticals segment accounted for the largest revenue share because of the urgent demand for efficient therapies and handling of horse health issues.
● According to indication analysis, in 2023, the parasitic infection segment led the global market as parasites have extensive effects on equine health.
Geographic Analysis
● In 2023, North America led the global market due to its developed veterinary infrastructure, substantial investments in equine healthcare, and notable presence of leading pharmaceutical and biotechnology firms.
● During the projection period, Asia Pacific is anticipated to grow rapidly due to the growing investments in equine health facilities, heightened awareness of animal welfare, and the flourishing equestrian industry in nations like China and Australia.
领英推荐
Equine Healthcare Products
● Vaccines
● Pharmaceuticals
● Medicinal Feed Additives
● Orthobiologics
● Diagnostics
● Software
● Others
Key Highlights of Report
● Provides a comprehensive market analysis to facilitate well-informed strategic choices.
● Provides important perspectives on the competitive environment through a thorough assessment of market participants.
● Offers an accurate examination of changing market trends, ensuring readers are informed about the most recent industry news.
● Contains a comprehensive analysis of market segments and regional importance.
Get the Full Report Now!
Whether you are an industry professional or an investor, our report on the equine healthcare market offers a comprehensive analysis to help you navigate this evolving sector. Visit our website to get a free sample of the report today.